Sovetsky Bank has raised a Rub 147 mln subordinate loan, the lending institution said in a press release. The funds were attracted for a term of 5 years at 12% and will be allocated to roll out retail business. After the attraction of the subordinate deposit the bank’s own funds came to Rub 445 mln.
According to the data from news agency Banki.ru and Interfax-CEA, as of July 1, 2008 net assets of Sovetsky Bank equaled Rub 2.79 bln (404th place in Russia). The lending institution is a member of the national deposit insurance system.
